In 2007, China’s anti-money laundering (AML) law became effective, improving supervision. However, the system still had inefficiencies, leaving a gap between China’s international participation in this field and its international status. By 2020, the State Council, China’s cabinet, expects to… Read more >

In August, Habib Bank Ltd (HBL), was fined a record $630 million for a Pakistani financial institution by the New York State Department of Financial Services (DFS) for noncompliance with state and federal anti-money laundering (AML) laws at its U.S…. Read more >

In order to combat terrorist financing via nonprofit organizations, the Cayman government must use knowledge as their main weapon. Unfortunately, information is what the government is lacking and this weakness is leaving them susceptible to terrorist financing and other illicit… Read more >